{"id":53733,"date":"2021-11-29T16:08:43","date_gmt":"2021-11-29T14:08:43","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=53733"},"modified":"2025-09-03T16:41:44","modified_gmt":"2025-09-03T13:41:44","slug":"microstrategy-buys-an-additional-7002-btc","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/microstrategy-buys-an-additional-7002-btc\/","title":{"rendered":"MicroStrategy buys an additional 7,002 BTC"},"content":{"rendered":"<p>The analytics software provider MicroStrategy has bought an additional 7,002 BTC for about $414.4 million, according to chief executive Michael Saylor.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">MicroStrategy has purchased an additional 7,002 bitcoins for ~$414.4 million in cash at an average price of ~$59,187 per <a href=\\\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\\\">#bitcoin<\/a>. As of 11\/29\/21 we <a href=\\\"https:\/\/twitter.com\/hashtag\/hodl?src=hash&#038;ref_src=twsrc%5Etfw\\\">#hodl<\/a> ~121,044 bitcoins acquired for ~$3.57 billion at an average price of ~$29,534 per bitcoin. <a href=\\\"https:\/\/twitter.com\/search?q=%24MSTR&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$MSTR<\/a><a href=\\\"https:\/\/t.co\/OA8VWG1bZX\\\">https:\/\/t.co\/OA8VWG1bZX<\/a><\/p>\n<p>\u2014 Michael Saylor\u26a1\ufe0f (@saylor) <a href=\\\"https:\/\/twitter.com\/saylor\/status\/1465305537210458115?ref_src=twsrc%5Etfw\\\">November 29, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>The average purchase price was about $59,187. As of November 29, the software provider owns 121,044 BTC \u2014 having spent about $3.57 billion (average cost per bitcoin $29,534).<\/p>\n<p>In August 2020, MicroStrategy became the first public company <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-becomes-the-first-nasdaq-listed-company-to-invest-part-of-its-capital-in-bitcoin\">to invest a portion of its own capital<\/a> ($250 million) in bitcoin. Later the board of directors<a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-bets-another-175-million-on-bitcoin\"> approved a policy for increasing investments<\/a> in digital gold using cash reserves.<\/p>\n<p>After that, MicroStrategy CEO Michael Saylor expressed confidence that <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-chief-executive-says-private-firms-will-move-into-bitcoin-in-coming-months\">other private firms would follow the company&#8217;s example<\/a>. In the United States, such investments were taken up by <a href=\"https:\/\/u1f987.com\/en\/news\/square-invests-a-further-170-million-in-bitcoin\">Square, Jack Dorsey\u00027s company<\/a> and <a href=\"https:\/\/u1f987.com\/en\/news\/elon-musks-tesla-invested-1-5-billion-in-bitcoin-the-assets-price-rose-to-44800\">Tesla, Elon Musk&#8217;s company<\/a>.<\/p>\n<p>In December 2020, the analytics software provider issued convertible bonds<a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-raises-650-million-for-bitcoin-purchase\"> worth $650 million<\/a> to purchase bitcoin.<\/p>\n<p>In February the company issued debt securities <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-raises-more-than-1-billion-in-debt-financing-to-buy-bitcoin\"> worth more than $1 billion<\/a> and <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-buys-more-bitcoin-for-1-026-billion\"> again invested<\/a> the raised funds in cryptocurrency.<\/p>\n<p>In March, MicroStrategy purchased <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-invests-another-15-million-in-bitcoin\">328 BTC<\/a>, about <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-buys-another-205-btc-at-a-price-below-50000\">205 BTC<\/a> and <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-buys-additional-bitcoin-for-15-million\">262 BTC<\/a>. The firm invested $15 million in digital gold <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-makes-a-further-15-million-investment-in-bitcoin\">in April<\/a> and<a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-adds-15-million-to-bitcoin-holdings\">May<\/a>. Later the company bought <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-invests-10-million-in-bitcoin\">229 BTC for $10 million<\/a>.<\/p>\n<p>In June, the organization <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-buys-13005-more-btc\">invested another $489 million<\/a> in the primary cryptocurrency, buying 13 005 BTC; in August \u2014 <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-buys-an-additional-177m-worth-of-bitcoin\">a further $177 million<\/a>, in September it acquired another <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-buys-an-additional-5050-btc\">5,050 BTC<\/a>.<\/p>\n<p>Phunware, a Nasdaq-listed developer of mobile enterprise software, followed MicroStrategy&#8217;s example. In November the company announced <a href=\"https:\/\/u1f987.com\/en\/news\/public-company-phunware-invests-23-8m-in-bitcoin\">an additional purchase of 398 BTC for about $23.8 million<\/a>.<\/p>\n<p>Stay tuned for ForkLog news on <a href=\\\"https:\/\/twitter.com\/ForkLog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The analytics software provider MicroStrategy has purchased an additional 7,002 BTC for about $414.4 million, according to chief executive Michael Saylor.<\/p>\n","protected":false},"author":1,"featured_media":53734,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1207],"class_list":["post-53733","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-microstrategy"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/53733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=53733"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/53733\/revisions"}],"predecessor-version":[{"id":53735,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/53733\/revisions\/53735"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/53734"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=53733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=53733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=53733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}